UMNO-BARISAN Keep Stealing -- Why Keep Paying? Najib off on another defense binge: To buy 6 patrol boats for RM6bil
A STORM IS BREWING OVER THE GOVERNMENT’S PLAN TO SPEND SOME RM6 BILLION TO B
bUILD SIX NEW OFFSHORE PATROL VESSELS (OPVS), WITH MANY QUESTIONING THE RATIONAL OF SPENDING SUCH AN AMOUNT OF MONEY FOR SOMETHING WORTH MUCH LESS IN THE MARKET.URGING THE GOVERNMENT TO EXPLAIN THE USE OF PUBLIC MONEY TO ACQUIRE THE OFFSHORE PATROL VESSELS, KLANG MEMBER OF PARLIAMENT CHARLES SANTIAGO SAID THE FIGURES REVEALED THAT THE SAME TYPE OF VESSELS COSTS MUCH LESS."THIS IS RELATIVELY MORE EXPENSIVE THAN SOUTH KOREA’S MUCH LARGER AND NEWER FRIGATES WHICH WERE RECENTLY CONTRACTED TO HYUNDAI HEAVY INDUSTRIES AT US$300 MILLION EACH,” HE SAID IN A STATEMENT ECHOING HIS COLLEAGUE, TONY PUA.PUA HAD EARLIER QUESTIONED THE NEED FOR SUCH A PURCHASE AT A TIME THE GOVERNMENT WAS CUTTING BACK ON SUBSIDIES OF ESSENTIAL GOODS CITING INSUFFICIENT FUNDS.DRAWING ATTENTION ON THE RM2 BILLION ALLOCATION TO 632 VENDOR COMPANIES WHICH ARE STRATEGIC PARTNERS OF BOUSTEAD NAVAL SHIPYARD, THE MAIN BENEFICIARY OF THE PLAN, CHARLES SAID THE FIGURE WAS INCONSISTENT WITH WHAT WAS GIVEN BY PRIME MINISTER NAJIB RAZAK, WHO HAD SAID THAT THE NEW ORDER WAS MADE BECAUSE 2,000 COMPANIES DEPENDED ON THE ADDITIONAL WORK UNDER THE VENDOR DEVELOPMENT PROGRAMME.“WHEN THE PLAN WAS DEFERRED TWO YEARS AGO THE MALAY MAIL QUOTED PRIME MINISTER NAJIB AS SAYING THAT THE NEW ORDERS WERE REQUIRED BECAUSE 2,000 COMPANIES DEPENDED ON THE ADDITIONAL WORK UNDER THE VENDOR DEVELOPMENT PROGRAMME."HOWEVER, ONLY 632 VENDOR COMPANIES HAVE BEEN IDENTIFIED BY DEFENCE MINISTER AHMAD ZAHID HAMIDI TO BENEFIT FROM THE CURRENT PLAN. HE ADDED THAT AT LEAST RM2 BILLION OF THE ALLOCATION WILL BE CHANNELLED TO THEM,” EXPLAINED CHARLES, ADDING THAT TO DATE THE GOVERNMENT HAD YET TO DISCLOSE ANY OF THE COMPANIES ALLEGED TO BE INVOLVED.“AND, AGAIN, THERE HAS NOT BEEN ANY INDICATION THAT AN OPEN TENDER PROCESS WAS UTILISED FOR THIS PROJECT,” HE STRESSED.THE PURCHASE OF THE SIX NEW OPVS, PART OF A 1995 ARRANGEMENT TO HAVE 27 NEW OPVS BUILT BY 2015, ALSO RAISED QUESTIONS ON THE GOVERNMENT'S DESIRE TO STOCKPILE NEW WEAPONS OF WAR AFTER HAVING JUST ACQUIRED TWO NEW SUBMARINES FROM FRANCE, WHICH WAS ALSO SHROUDED IN CONTROVERSY AMID A CORRUPTION INVESTIGATION LAUNCHED BY FRENCH AUTHORITIES.CHARLES LASHED OUT AT THE GOVERNMENT'S WILLINGNESS TO SPEND HUGE AMOUNT OF MONEY BUT REFUSAL TO HELP BRING DOWN FOOD PRICES, SAYING THAT EVEN SOUTH KOREA "AIMS TO BE A BLUE WATER NAVY BY 2020" AT A TIME IT WAS CONFRONTED WITH POSSIBLE THREAT FROM NORTH KOREA.MEANWHILE, PKR SENATOR DR SYED HUSIN ALI SAID THE GOVERNMENT SHOULD JUST ADMIT THAT THE OPVS WERE BOUGHT AT UNREASONABLY EXPENSIVE PRICE.“IS IT FOR ELECTION FUNDING? OR FOR LEADERS’ POCKET?” HE QUIPPED, REFLECTING A GROWING DEBATE ON THE INTERNET THAT MORE LARGE CONTRACTS WILL BE DISHED OUT TO BUSINESSES CLOSE TO UMNO LEADERS IN ORDER TO FUND BARISAN NASIONAL'S GENERAL ELECTION CAMPAIGN THIS YEAR.
FRIGATES WHICH WERE RECENTLY CONTRACTED TO HYUNDAI HEAVY INDUSTRIES AT US$300 MILLION EACH,” HE SAID IN A STATEMENT ECHOING HIS COLLEAGUE, TONY PUA.
DICTATORS ALL OVER THE WORLD MAKE MONEY THROUGH DEFENCE CONTRACTS. AND THE EXORBITANT PRICE THAT MALAYSIA IS PAYING FOR THE SIX PATROL BOATS CAN ONLY BE BECAUSE OF SHENANIGANS. WHY CAN’T MALAYSIA CALL FOR AN OPEN TENDER LIKE OTHER COUNTRIES?
THERE IS NO ACCOUNTABILITY AND GOOD GOVERNANCE IN SPENDING MONEY MEANT FOR THE RAKYAT EG. FIRST LADY PARTY
- EXORBITANT SPENDING ON OVERSEA TRIPS EG. DISNEY LAND TRIP, MOROCCO TRIP
- UNNECESSARY PAYMENT OF COMMISSION IN MILLIONS TO CRONIES EG. SUBMARINE COMMISSION
- UNNECESSARY SPENDING - EG. APCO RM77 MILLIONS PR FEE
- BAIL OUT OF FAIL BUSINESS IN THE MILLIONS.
READMORE BY RAJA PETRA KAMARUDIN
RM1 BILLION PER PATROL BOAT IS THE WAY TO MAKE MONEY
WATCH:THE DIRE STRAITS OF THE MIDDLE CLASS OF AMERICA HAS MADE IT NEAR IMPOSSIBLE FOR OUR POLITICIANS TO KEEP UP THE PRETENSE THAT OUR CURRENT GOVERNMENT TRULY WORKS FOR THE "PEOPLE." BETWEEN THE MULTIPLE OVERT AND SECRETIVE BAILOUTS, THE MASSIVE BONUSES AND THE CIRCULAR USE OF OUR TAX MONEY TO LOBBY FOR THESE CONTINUED HANDOUTS, YOU CAN NO LONGER HIDE FROM THE EVIDENCE. WHEN SENATOR DURBIN SAID "THE BANKS... FRANKLY OWN THIS PLACE," YOU REALIZE IT WAS NOT IN JEST. COUPLE THIS WITH RECENT PROTECTIONS HANDED BY THE SUPREME COURT TO CORPORATIONS TO DIRECTLY INFLUENCE ELECTIONS AND IT CAN MAKE THINGS SEEM HOPELESS FOR THOSE NOT ON WALL STREET OR THEIR CHOSEN POLITICIANS. FAVORED CEOS AND NOW EVENFOREIGN COUNTRIES GET ALL THE PRINTED MONEY THEY NEED, LEAVING US PAYING BOTH OUR BILLS AND THEIRS. AND NOW NEARLY A QUARTER OF ALL AMERICANS ARE CURRENTLY UNDERWATER IN THEIR MORTGAGE BECAUSE OF THAT STEADFAST HONOR. IF YOU ARE ONE OF THEM, CHANCES ARE YOU DIDN'T DO ANYTHING WRONG. ALMOST ALL OF YOU WERE NOT SUBPRIME BORROWERS OR SPECULATORS, BUT MERELY PEOPLE BUYING A HOUSE THAT THEY THOUGHT THEY COULD AFFORD AT THE TIME. YOU WERE JUST UNLUCKY IN THAT YOU BOUGHT A HOUSE DURING A TIME WHEN AN OUTDATED WALL STREET AND THEIR COMPLICIT POLITICIANS DECIDED TO USE HOUSING TO REGAIN THE INCOME THEY LOST DUE TO THE SCHWABS AND ETRADES OF THE INTERNET AGE. YOU DIDN'T CAUSE THIS MESS. THEY DID. NOW YOU ARE STRUGGLING TO MAKE THE SAME PAYMENTS ON THIS MORTGAGE ON YOUR NOW OVERPRICED HOME EVEN IN LIGHT OF A CRASHING ECONOMY AND MASSIVE DEFLATION, ALL WHILE THE GOVERNMENT DOESEVERYTHING IN ITS POWER TO HELP WALL ST. KEEP THE BONUSES COMING.WELL, IT IS BECOMING TIME TO TAKE MATTERS INTO YOUR OWN HANDS... I SUGGEST THAT YOU CALL YOUR LENDER AND TELL THEM IF THEY DON'T LOWER YOU MORTGAGE BY AT LEAST 20%, YOU ARE WALKING AWAY. AND IF THEY DON'T AGREE, YOU NEED TO CONSIDER WALKING AWAY. IT PROBABLYDOESN'T FEEL RIGHT TO YOU. THAT IS BECAUSE YOU PROBABLY ARE A GOOD PERSON. BUT YOUR MORTGAGE IS A BUSINESS DEAL, AND IT IS NOT IMMORAL TO WALK AWAY FROM A BUSINESS DEAL UNLESS YOU WENT IN TO THE DEAL WITH THE INTENTION OF DEFAULTING. BUT SOMEHOW, EVEN THOUGH THE CORPORATIONS ARE PUMPED TO EXERCISE THEIR NEW RIGHTS, FORMER BANKERS LIKE HENRY PAULSON, CURRENT ONES LIKE JAMIE DIMON AND -- GET THIS -- NOW EVEN FANNIE MAE EXECS WANT TO KEEP YOU FROM EXERCISING YOUR RIGHTS. BUT BEFORE YOU LET THEM (OR ANYONE COMMENTING BELOW) FORCE YOU INTO PAYING THAT $500K MORTGAGE ON A $300K HOUSE, ASK THEM IF THEY'LL PUSHJERRY SPEYER INTO "HONORING HIS OBLIGATION" BY BREAKING INTO HIS $2 BILLION PERSONAL PIGGY-BANK TO KEEP PAYING FOR STUYVESANT TOWN?OR HOW ABOUT ASKING HANK AND JAMIE TO LECTURE FELLOW BAILED-OUT CEO JOHN MACK ABOUT HOW "YOU'RE SUPPOSED TO MEET YOUR OBLIGATIONS, NOT RUN FROM THEM"? MAYBE MAKE HIM USE SOME OF HIS $50+ MILLION FOR THOSE BUILDINGS HE BOUGHT IN SAN FRANCISCO?AND BEFORE SHAMING AND PUNISHING AMERICAN HOMEOWNERS, DID THEY NAG STEVE FEINBERGABOUT HELPING "TEACH THE AMERICAN PEOPLE...NOT TO RUN AWAY" BY WRITING A CHECK OUT OF HISBILLION-DOLLAR POCKET TO COVER ALL THE STIFFED LANDLORDS AND VENDORS AT MERVYN'S? AFTER ALL, AT LEAST YOU AREN'T SINGLE-HANDEDLY PUTTING 1,100 EMPLOYEES OUT OF WORK WHEN YOU WALK ON YOUR MORTGAGE. AS PART OF THE DEAL FOR YOUR HOUSE, YOUR MORTGAGE HOLDER GETS INTEREST PAYMENTS FROM YOU AND THEY ALSO USE THE NOTE TO YOUR HOUSE FOR THEIR CAPITAL RESERVES. IN RETURN, THEY TAKE THE RISK OF A FORECLOSURE. IN MANY STATES, YOU PAID EXTRA TO HAVE A NON-RECOURSE LOAN WHERE THE LENDER JUST GETS THE HOUSE BACK IF YOU STOP PAYING -- YOUR INTEREST RATE WOULD'VE BEEN MUCH LOWER IF YOU WERE HELD PERSONALLY LIABLE LIKE A STUDENT LOAN. BUT IF YOU STILL FEEL BAD, THEN DONATE THE MONEY SAVED TO CHARITY INSTEAD OF TO THEIR BONUSES. AND WHEN SOMEONE TRIES TELLING YOU WHY IT IS SO WRONG, HERE ARE SOME ANSWERS: - YES, IT MIGHT SEEM SELFISH, BUT YOU ARE ACTUALLY GOING TO HELP FIX OUR COUNTRY THE RIGHT WAY, THROUGH THE USE OF PURE CAPITALISM. THERE ARE 3 PARTIES INVOLVED IN YOUR MORTGAGE -- THE MORTGAGE HOLDERS, THE SERVICING BANK AND YOU. YOU PROBABLY WANT TO STAY IN YOUR HOUSE. MOST OF THE PEOPLE WHO ACTUALLY OWN YOUR MORTGAGE ALSO WANT YOU TO STAY IN YOUR HOUSE, PREFERRING AMORTGAGE REDUCTION THAT YOU KEEP PAYING INSTEAD OF THE TOTAL LOSS OF A FORECLOSURE. BUT THE MAJOR BANKS (BOFA, WELLS FARGO, JP MORGAN, CITI, ETC.) THAT UNDERWRITE AND SERVICE THE LOANS DON'T CARE ABOUT EITHER OF YOU. THEY (WITH THE AID OF THEIR GOVERNMENT) JUST CARE ABOUT HIDING THEIR TRUE FINANCIAL CONDITION FOR LONG AS POSSIBLE SO THEY CAN CONTINUE TOBONUS THEMSELVES OUTRAGEOUSLY. THE CREDIBLE THREAT OF YOU WALKING AWAY FROM YOUR MORTGAGE EN MASSE IS THE ONLY MARKET-BASED SOLUTION THAT WILL FORCE THESE BANKS TO WORK WITH THE MORTGAGE HOLDERS ON YOUR BEHALF.- NO, YOU WILL NOT "HURT" YOUR NEIGHBORS -- CERTAINLY NOT NEAR THE SCALE OF THE BANKSTERS. CHANCES ARE SOMEONE JUST AS NICE WILL YOU WILL MOVE IN AND (UNLIKE YOU) PAY A FAIR, NON-INFLATED PRICE FOR THE HOUSE. ENCOURAGE YOUR NEIGHBORS TO FIGHT BACK AGAINST THE BANKS AND ASK FOR THEIR OWN MORTGAGE REDUCTIONS AS WELL.- YES, IT MIGHT MAKE GETTING A LOAN HARDER FOR EVERYONE. CONSIDERING THE SPATE 0% DOWNNINJA LOANS OVER THE PAST DECADE, THAT PROBABLY ISN'T A BAD THING.- YES, IT MIGHT HURT YOUR CREDIT. BUT WITH TIME, PEOPLE BOUNCE BACK FROM HAVING FORECLOSURES ON THEIR RECORD. SEARCH ONLINE AND THEN TALK TO A LAWYER ABOUT THE REPERCUSSIONS, WHICH VARY BY STATE.- NO, THE BANKS WON'T NECESSARILY PASS THE LOSSES ON TO CUSTOMERS. THEY ALREADY MAKE A LOT OF MONEY. IF COSTS ARE PASSED ON TO EVERY CONSUMER WITHOUT BANKS COMPETING ON PRICE, THAT'S A SIGN OF ILLEGAL COLLUSION OR A MONOPOLY. LET'S FIX THAT INSTEAD OF JUST LETTING BANKS RUIN OUR LIVES. THEY MIGHT, HOWEVER, NOT ALL MAKE $145 BILLION IN BONUSES NEXT YEAR DOING SOMETHING FUNDAMENTALLY SO EASY THAT IT IS AN UNPAID JOB IN MONOPOLY. MEANWHILE, OURCAPTURED GOVERNMENT HAS MADE IT CLEAR THAT THEY WANT TO FURTHER REWARD THESE BANKSTERS BECAUSE THERE ARE CLEARLY BETTER WAYS TO "SAVE" THE ECONOMY WITHOUT REWARDING THOSE MOST RESPONSIBLE FOR THE DAMAGE. INSTEAD OF CLAW BACKS FOR THE PAST THEFT AND STRONG FINANCIAL REFORM FOR THE FUTURE, THEY CHOOSE TO COVER-UP THE GROSS MISUSE OF OUR TAX MONEY, MAKING OUR COUNTRY WORSE BY HELPING THE CRIMINALS ON THE BACKS OF THE MOST HONEST. BUT THANKFULLY, IN THIS COUNTRY WE STILL HAVE THE TOOLS TO FIGHT BACK AND REGAIN OUR COUNTRY. OUR VOTE, OUR VOICE, OUR LAWS AND WHAT WE CHOOSE TO DO WITH EVERY PENNY WE HAVE THAT DOESN'T GO TO TAXES ARE THE BENEFITS OF OUR HARD-FOUGHT FREEDOM, AND IN THIS BATTLE WE MUST USE THEM ALL TO FIGHT BACK. IT'S TIME FOR THE CITIZENS TO ONCE AGAIN OWN THIS PLACE.
COMMENTS4PENDING COMMENTS0VIEW FAQ
WATCH:
THE DIRE STRAITS OF THE MIDDLE CLASS OF AMERICA HAS MADE IT NEAR IMPOSSIBLE FOR OUR POLITICIANS TO KEEP UP THE PRETENSE THAT OUR CURRENT GOVERNMENT TRULY WORKS FOR THE "PEOPLE." BETWEEN THE MULTIPLE OVERT AND SECRETIVE BAILOUTS, THE MASSIVE BONUSES AND THE CIRCULAR USE OF OUR TAX MONEY TO LOBBY FOR THESE CONTINUED HANDOUTS, YOU CAN NO LONGER HIDE FROM THE EVIDENCE. WHEN SENATOR DURBIN SAID "THE BANKS... FRANKLY OWN THIS PLACE," YOU REALIZE IT WAS NOT IN JEST. COUPLE THIS WITH RECENT PROTECTIONS HANDED BY THE SUPREME COURT TO CORPORATIONS TO DIRECTLY INFLUENCE ELECTIONS AND IT CAN MAKE THINGS SEEM HOPELESS FOR THOSE NOT ON WALL STREET OR THEIR CHOSEN POLITICIANS. FAVORED CEOS AND NOW EVENFOREIGN COUNTRIES GET ALL THE PRINTED MONEY THEY NEED, LEAVING US PAYING BOTH OUR BILLS AND THEIRS. AND NOW NEARLY A QUARTER OF ALL AMERICANS ARE CURRENTLY UNDERWATER IN THEIR MORTGAGE BECAUSE OF THAT STEADFAST HONOR. IF YOU ARE ONE OF THEM, CHANCES ARE YOU DIDN'T DO ANYTHING WRONG. ALMOST ALL OF YOU WERE NOT SUBPRIME BORROWERS OR SPECULATORS, BUT MERELY PEOPLE BUYING A HOUSE THAT THEY THOUGHT THEY COULD AFFORD AT THE TIME. YOU WERE JUST UNLUCKY IN THAT YOU BOUGHT A HOUSE DURING A TIME WHEN AN OUTDATED WALL STREET AND THEIR COMPLICIT POLITICIANS DECIDED TO USE HOUSING TO REGAIN THE INCOME THEY LOST DUE TO THE SCHWABS AND ETRADES OF THE INTERNET AGE. YOU DIDN'T CAUSE THIS MESS. THEY DID. NOW YOU ARE STRUGGLING TO MAKE THE SAME PAYMENTS ON THIS MORTGAGE ON YOUR NOW OVERPRICED HOME EVEN IN LIGHT OF A CRASHING ECONOMY AND MASSIVE DEFLATION, ALL WHILE THE GOVERNMENT DOESEVERYTHING IN ITS POWER TO HELP WALL ST. KEEP THE BONUSES COMING.
WELL, IT IS BECOMING TIME TO TAKE MATTERS INTO YOUR OWN HANDS... I SUGGEST THAT YOU CALL YOUR LENDER AND TELL THEM IF THEY DON'T LOWER YOU MORTGAGE BY AT LEAST 20%, YOU ARE WALKING AWAY. AND IF THEY DON'T AGREE, YOU NEED TO CONSIDER WALKING AWAY. IT PROBABLYDOESN'T FEEL RIGHT TO YOU. THAT IS BECAUSE YOU PROBABLY ARE A GOOD PERSON. BUT YOUR MORTGAGE IS A BUSINESS DEAL, AND IT IS NOT IMMORAL TO WALK AWAY FROM A BUSINESS DEAL UNLESS YOU WENT IN TO THE DEAL WITH THE INTENTION OF DEFAULTING. BUT SOMEHOW, EVEN THOUGH THE CORPORATIONS ARE PUMPED TO EXERCISE THEIR NEW RIGHTS, FORMER BANKERS LIKE HENRY PAULSON, CURRENT ONES LIKE JAMIE DIMON AND -- GET THIS -- NOW EVEN FANNIE MAE EXECS WANT TO KEEP YOU FROM EXERCISING YOUR RIGHTS. BUT BEFORE YOU LET THEM (OR ANYONE COMMENTING BELOW) FORCE YOU INTO PAYING THAT $500K MORTGAGE ON A $300K HOUSE, ASK THEM IF THEY'LL PUSHJERRY SPEYER INTO "HONORING HIS OBLIGATION" BY BREAKING INTO HIS $2 BILLION PERSONAL PIGGY-BANK TO KEEP PAYING FOR STUYVESANT TOWN?
OR HOW ABOUT ASKING HANK AND JAMIE TO LECTURE FELLOW BAILED-OUT CEO JOHN MACK ABOUT HOW "YOU'RE SUPPOSED TO MEET YOUR OBLIGATIONS, NOT RUN FROM THEM"? MAYBE MAKE HIM USE SOME OF HIS $50+ MILLION FOR THOSE BUILDINGS HE BOUGHT IN SAN FRANCISCO?
AND BEFORE SHAMING AND PUNISHING AMERICAN HOMEOWNERS, DID THEY NAG STEVE FEINBERGABOUT HELPING "TEACH THE AMERICAN PEOPLE...NOT TO RUN AWAY" BY WRITING A CHECK OUT OF HISBILLION-DOLLAR POCKET TO COVER ALL THE STIFFED LANDLORDS AND VENDORS AT MERVYN'S? AFTER ALL, AT LEAST YOU AREN'T SINGLE-HANDEDLY PUTTING 1,100 EMPLOYEES OUT OF WORK WHEN YOU WALK ON YOUR MORTGAGE. AS PART OF THE DEAL FOR YOUR HOUSE, YOUR MORTGAGE HOLDER GETS INTEREST PAYMENTS FROM YOU AND THEY ALSO USE THE NOTE TO YOUR HOUSE FOR THEIR CAPITAL RESERVES. IN RETURN, THEY TAKE THE RISK OF A FORECLOSURE. IN MANY STATES, YOU PAID EXTRA TO HAVE A NON-RECOURSE LOAN WHERE THE LENDER JUST GETS THE HOUSE BACK IF YOU STOP PAYING -- YOUR INTEREST RATE WOULD'VE BEEN MUCH LOWER IF YOU WERE HELD PERSONALLY LIABLE LIKE A STUDENT LOAN. BUT IF YOU STILL FEEL BAD, THEN DONATE THE MONEY SAVED TO CHARITY INSTEAD OF TO THEIR BONUSES. AND WHEN SOMEONE TRIES TELLING YOU WHY IT IS SO WRONG, HERE ARE SOME ANSWERS: - YES, IT MIGHT SEEM SELFISH, BUT YOU ARE ACTUALLY GOING TO HELP FIX OUR COUNTRY THE RIGHT WAY, THROUGH THE USE OF PURE CAPITALISM. THERE ARE 3 PARTIES INVOLVED IN YOUR MORTGAGE -- THE MORTGAGE HOLDERS, THE SERVICING BANK AND YOU. YOU PROBABLY WANT TO STAY IN YOUR HOUSE. MOST OF THE PEOPLE WHO ACTUALLY OWN YOUR MORTGAGE ALSO WANT YOU TO STAY IN YOUR HOUSE, PREFERRING AMORTGAGE REDUCTION THAT YOU KEEP PAYING INSTEAD OF THE TOTAL LOSS OF A FORECLOSURE. BUT THE MAJOR BANKS (BOFA, WELLS FARGO, JP MORGAN, CITI, ETC.) THAT UNDERWRITE AND SERVICE THE LOANS DON'T CARE ABOUT EITHER OF YOU. THEY (WITH THE AID OF THEIR GOVERNMENT) JUST CARE ABOUT HIDING THEIR TRUE FINANCIAL CONDITION FOR LONG AS POSSIBLE SO THEY CAN CONTINUE TOBONUS THEMSELVES OUTRAGEOUSLY. THE CREDIBLE THREAT OF YOU WALKING AWAY FROM YOUR MORTGAGE EN MASSE IS THE ONLY MARKET-BASED SOLUTION THAT WILL FORCE THESE BANKS TO WORK WITH THE MORTGAGE HOLDERS ON YOUR BEHALF.
- NO, YOU WILL NOT "HURT" YOUR NEIGHBORS -- CERTAINLY NOT NEAR THE SCALE OF THE BANKSTERS. CHANCES ARE SOMEONE JUST AS NICE WILL YOU WILL MOVE IN AND (UNLIKE YOU) PAY A FAIR, NON-INFLATED PRICE FOR THE HOUSE. ENCOURAGE YOUR NEIGHBORS TO FIGHT BACK AGAINST THE BANKS AND ASK FOR THEIR OWN MORTGAGE REDUCTIONS AS WELL.
- YES, IT MIGHT MAKE GETTING A LOAN HARDER FOR EVERYONE. CONSIDERING THE SPATE 0% DOWNNINJA LOANS OVER THE PAST DECADE, THAT PROBABLY ISN'T A BAD THING.
- YES, IT MIGHT HURT YOUR CREDIT. BUT WITH TIME, PEOPLE BOUNCE BACK FROM HAVING FORECLOSURES ON THEIR RECORD. SEARCH ONLINE AND THEN TALK TO A LAWYER ABOUT THE REPERCUSSIONS, WHICH VARY BY STATE.
- NO, THE BANKS WON'T NECESSARILY PASS THE LOSSES ON TO CUSTOMERS. THEY ALREADY MAKE A LOT OF MONEY. IF COSTS ARE PASSED ON TO EVERY CONSUMER WITHOUT BANKS COMPETING ON PRICE, THAT'S A SIGN OF ILLEGAL COLLUSION OR A MONOPOLY. LET'S FIX THAT INSTEAD OF JUST LETTING BANKS RUIN OUR LIVES. THEY MIGHT, HOWEVER, NOT ALL MAKE $145 BILLION IN BONUSES NEXT YEAR DOING SOMETHING FUNDAMENTALLY SO EASY THAT IT IS AN UNPAID JOB IN MONOPOLY. MEANWHILE, OURCAPTURED GOVERNMENT HAS MADE IT CLEAR THAT THEY WANT TO FURTHER REWARD THESE BANKSTERS BECAUSE THERE ARE CLEARLY BETTER WAYS TO "SAVE" THE ECONOMY WITHOUT REWARDING THOSE MOST RESPONSIBLE FOR THE DAMAGE. INSTEAD OF CLAW BACKS FOR THE PAST THEFT AND STRONG FINANCIAL REFORM FOR THE FUTURE, THEY CHOOSE TO COVER-UP THE GROSS MISUSE OF OUR TAX MONEY, MAKING OUR COUNTRY WORSE BY HELPING THE CRIMINALS ON THE BACKS OF THE MOST HONEST. BUT THANKFULLY, IN THIS COUNTRY WE STILL HAVE THE TOOLS TO FIGHT BACK AND REGAIN OUR COUNTRY. OUR VOTE, OUR VOICE, OUR LAWS AND WHAT WE CHOOSE TO DO WITH EVERY PENNY WE HAVE THAT DOESN'T GO TO TAXES ARE THE BENEFITS OF OUR HARD-FOUGHT FREEDOM, AND IN THIS BATTLE WE MUST USE THEM ALL TO FIGHT BACK. IT'S TIME FOR THE CITIZENS TO ONCE AGAIN OWN THIS PLACE.
COMMENTS
4
PENDING COMMENTS
0
VIEW FAQOPEN LETTER TO THE UNITED STATES GOVERNMENT REGARDING WIKILEAKS, JULIAN ASSANGE AND THE FUNDAMENTAL TENETS OF DEMOCRACY AND OPEN SOCIETIESTO PRESIDENT OBAMA, US SENATORS AND CONGRESSMEN AND WOMEN, ATTORNEY GENERAL ERIC HOLDER, THE DEPARTMENT OF JUSTICE, AND ALL OF THOSE INVOLVED IN THE ATTEMPT TO PROSECUTE JULIAN ASSANGE, FOUNDER OF THE NONPROFIT NEWS ORGANIZATION WIKILEAKS.ORG:WE ARE A DIVERSE GROUP OF PEOPLE FROM AROUND THE WORLD WHO HAVE COME TOGETHER FOR A COMMON PURPOSE: TO DEFEND WIKILEAKS, TO ASK THE UNITED STATES TO CEASE ITS ATTEMPTS TO MANUFACTURE A CASE AGAINST JULIAN ASSANGE, AND TO DEFEND DEMOCRATIC PRINCIPLES AND OUR FUNDAMENTAL RIGHTS GUARANTEED THEREIN. WE ARE PROFESSIONALS, HOMEMAKERS, ACTIVISTS, STUDENTS, AND OTHERS WHO BELIEVE THAT GOVERNMENT DERIVES ITS POWER FROM THE CONSENT OF THE GOVERNED, AS STIPULATED IN THE DECLARATION OF INDEPENDENCE, BUT THAT CITIZENS CAN ONLY GIVE MEANINGFUL CONSENT IF THEY ARE FULLY INFORMED ABOUT THEIR GOVERNMENT’S ACTIONS. NOTHING MORE VIOLATES AMERICAN PRINCIPLES, WHICH INSPIRE BOTH THOSE OF US WHO ARE AND ARE NOT AMERICAN CITIZENS, THAN THE IDEA THAT "GOVERNMENT KNOWS BEST" AND HAS THE RIGHT TO DECEIVE ITS OWN PEOPLE.THE WIKILEAKS DOCUMENTS HAVE REVEALED THAT THE U.S. GOVERNMENT HAS BEEN KEEPING ENORMOUSLY IMPORTANT INFORMATION SECRET FROM THE AMERICAN PEOPLE, SUCH AS THE FACT THAT THE U.S. GOVERNMENT KNEW OF THE MASS MURDER OF CIVILIANS IN IRAQ EVEN THOUGH IT CLAIMED IT DID NOT; THAT THE U.S. GOVERNMENT FAILED ITS LEGAL RESPONSIBILITY AS AN OCCUPYING POWER BY HANDING CIVILIANS OVER TO IRAQI POLICE UNITS KNOWING THEY WOULD BE TORTURED AND KILLED, EVEN THOUGH IT CLAIMED IT DID NOT; THAT U.S. OFFICIALS BELIEVE THE AFGHAN GOVERNMENT IS CORRUPT AND UNPOPULAR, EVEN AS THEY FALSELY CLAIM TO BE FIGHTING FOR DEMOCRACY IN AFGHANISTAN; AND THAT U.S. OFFICIALS ARE EXTREMELY WORRIED ABOUT THE SAFETY OF PAKISTAN'S NUCLEAR STOCKPILE, A POTENTIAL MATTER OF LIFE AND DEATH THAT THEY HAVE KEPT FROM THE PEOPLE OF THE WORLD.WHEN THE N.Y. TIMES RELEASED THE WIKILEAKS "AFGHAN LOGS" ON JULY 25, ITS HEADLINE READ: "VIEW IS BLEAKER THAN OFFICIAL PORTRAYAL OF WAR IN AFGHANISTAN." THIS REVEALED, ACCORDING TO AMERICA’S "NEWSPAPER OF RECORD," THAT THE U.S. GOVERNMENT WAS HIDING THE TRUTH FROM ITS OWN PEOPLE. IS IT REALLY RIGHT THAT THE PROUD CITIZENS OF AMERICA SHOULD NEED WIKILEAKS TO DISCOVER VITAL TRUTHS DENIED THEM BY THEIR OWN GOVERNMENT?U.S. OFFICIALS CLAIM THEY HAVE A RIGHT TO DECEIVE THE AMERICAN PEOPLE, AND PROSECUTE WIKILEAKS AND JULIAN ASSANGE, ON THE GROUNDS OF "NATIONAL SECURITY". BUT THIS INFORMATION IS CLEARLY KNOWN TO AMERICA’S ENEMIES. IT IS THE AMERICAN PEOPLE WHO HAVE BEEN DENIED IT, INFORMATION CRITICAL TO THEIR ABILITY TO MAKE AN INFORMED DECISION AS TO WHETHER OR NOT TO SUPPORT THEIR GOVERNMENT'S WAR-MAKING, INCLUDING PUTTING THEIR SONS AND DAUGHTERS AT GRAVE RISK OF DEATH OR CRIPPLING INJURIES.THE U.S. GOVERNMENT CLAIM THAT WIKILEAKS HAS ENDANGERED NATIONAL SECURITY HAS BEEN INVALIDATED BY ITS OWN DEFENSE SECRETARY, ROBERT GATES, WHO HAS STATED "IS THIS EMBARRASSING? YES. IS IT AWKWARD? YES. CONSEQUENCES FOR U.S. FOREIGN POLICY? I THINK FAIRLY MODEST." THE GERMAN INTERIOR MINISTER HAS STATED THAT "WIKILEAKS IS ANNOYING, BUT NOT A THREAT", AND THE BBC HAS REPORTED THAT "WIKILEAKS: US ALLIES UNRUFFLED BY EMBASSY CABLE LEAKS."THE RESULT OF ANY U.S. GOVERNMENT PROSECUTION OF WIKILEAKS AND JULIAN ASSANGE WILL
OPEN LETTER TO THE UNITED STATES GOVERNMENT REGARDING WIKILEAKS, JULIAN ASSANGE AND THE FUNDAMENTAL TENETS OF DEMOCRACY AND OPEN SOCIETIES
TO PRESIDENT OBAMA, US SENATORS AND CONGRESSMEN AND WOMEN, ATTORNEY GENERAL ERIC HOLDER, THE DEPARTMENT OF JUSTICE, AND ALL OF THOSE INVOLVED IN THE ATTEMPT TO PROSECUTE JULIAN ASSANGE, FOUNDER OF THE NONPROFIT NEWS ORGANIZATION WIKILEAKS.ORG:
WE ARE A DIVERSE GROUP OF PEOPLE FROM AROUND THE WORLD WHO HAVE COME TOGETHER FOR A COMMON PURPOSE: TO DEFEND WIKILEAKS, TO ASK THE UNITED STATES TO CEASE ITS ATTEMPTS TO MANUFACTURE A CASE AGAINST JULIAN ASSANGE, AND TO DEFEND DEMOCRATIC PRINCIPLES AND OUR FUNDAMENTAL RIGHTS GUARANTEED THEREIN. WE ARE PROFESSIONALS, HOMEMAKERS, ACTIVISTS, STUDENTS, AND OTHERS WHO BELIEVE THAT GOVERNMENT DERIVES ITS POWER FROM THE CONSENT OF THE GOVERNED, AS STIPULATED IN THE DECLARATION OF INDEPENDENCE, BUT THAT CITIZENS CAN ONLY GIVE MEANINGFUL CONSENT IF THEY ARE FULLY INFORMED ABOUT THEIR GOVERNMENT’S ACTIONS. NOTHING MORE VIOLATES AMERICAN PRINCIPLES, WHICH INSPIRE BOTH THOSE OF US WHO ARE AND ARE NOT AMERICAN CITIZENS, THAN THE IDEA THAT "GOVERNMENT KNOWS BEST" AND HAS THE RIGHT TO DECEIVE ITS OWN PEOPLE.
THE WIKILEAKS DOCUMENTS HAVE REVEALED THAT THE U.S. GOVERNMENT HAS BEEN KEEPING ENORMOUSLY IMPORTANT INFORMATION SECRET FROM THE AMERICAN PEOPLE, SUCH AS THE FACT THAT THE U.S. GOVERNMENT KNEW OF THE MASS MURDER OF CIVILIANS IN IRAQ EVEN THOUGH IT CLAIMED IT DID NOT; THAT THE U.S. GOVERNMENT FAILED ITS LEGAL RESPONSIBILITY AS AN OCCUPYING POWER BY HANDING CIVILIANS OVER TO IRAQI POLICE UNITS KNOWING THEY WOULD BE TORTURED AND KILLED, EVEN THOUGH IT CLAIMED IT DID NOT; THAT U.S. OFFICIALS BELIEVE THE AFGHAN GOVERNMENT IS CORRUPT AND UNPOPULAR, EVEN AS THEY FALSELY CLAIM TO BE FIGHTING FOR DEMOCRACY IN AFGHANISTAN; AND THAT U.S. OFFICIALS ARE EXTREMELY WORRIED ABOUT THE SAFETY OF PAKISTAN'S NUCLEAR STOCKPILE, A POTENTIAL MATTER OF LIFE AND DEATH THAT THEY HAVE KEPT FROM THE PEOPLE OF THE WORLD.
WHEN THE N.Y. TIMES RELEASED THE WIKILEAKS "AFGHAN LOGS" ON JULY 25, ITS HEADLINE READ: "VIEW IS BLEAKER THAN OFFICIAL PORTRAYAL OF WAR IN AFGHANISTAN." THIS REVEALED, ACCORDING TO AMERICA’S "NEWSPAPER OF RECORD," THAT THE U.S. GOVERNMENT WAS HIDING THE TRUTH FROM ITS OWN PEOPLE. IS IT REALLY RIGHT THAT THE PROUD CITIZENS OF AMERICA SHOULD NEED WIKILEAKS TO DISCOVER VITAL TRUTHS DENIED THEM BY THEIR OWN GOVERNMENT?
U.S. OFFICIALS CLAIM THEY HAVE A RIGHT TO DECEIVE THE AMERICAN PEOPLE, AND PROSECUTE WIKILEAKS AND JULIAN ASSANGE, ON THE GROUNDS OF "NATIONAL SECURITY". BUT THIS INFORMATION IS CLEARLY KNOWN TO AMERICA’S ENEMIES. IT IS THE AMERICAN PEOPLE WHO HAVE BEEN DENIED IT, INFORMATION CRITICAL TO THEIR ABILITY TO MAKE AN INFORMED DECISION AS TO WHETHER OR NOT TO SUPPORT THEIR GOVERNMENT'S WAR-MAKING, INCLUDING PUTTING THEIR SONS AND DAUGHTERS AT GRAVE RISK OF DEATH OR CRIPPLING INJURIES.
THE U.S. GOVERNMENT CLAIM THAT WIKILEAKS HAS ENDANGERED NATIONAL SECURITY HAS BEEN INVALIDATED BY ITS OWN DEFENSE SECRETARY, ROBERT GATES, WHO HAS STATED "IS THIS EMBARRASSING? YES. IS IT AWKWARD? YES. CONSEQUENCES FOR U.S. FOREIGN POLICY? I THINK FAIRLY MODEST." THE GERMAN INTERIOR MINISTER HAS STATED THAT "WIKILEAKS IS ANNOYING, BUT NOT A THREAT", AND THE BBC HAS REPORTED THAT "WIKILEAKS: US ALLIES UNRUFFLED BY EMBASSY CABLE LEAKS."
THE RESULT OF ANY U.S. GOVERNMENT PROSECUTION OF WIKILEAKS AND JULIAN ASSANGE WILL
